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Business
Al-Mady Steps Down As SABIC Chief
by Alexander H. Tullo
February 23, 2015
| A version of this story appeared in
Volume 93, Issue 8
Mohamed Al-Mady is departing after more than 15 years at the helm of Saudi Basic Industries Corp. Al-Mady has been appointed to head Saudi Arabia’s Military Industries Corp., which oversees the country’s production of military equipment. Al-Mady has led SABIC since 1998, transforming it from a regional petrochemical maker into a global giant. Yousef Abdullah Al-Benyan, who has been SABIC’s head of corporate finance since January, will be acting CEO.
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